Find out the annual rate of return


Problem:

You purchased a house 38 years ago at a cost of $31,000. Today, you sold that house for $670,000.

Required:

Question: What annual rate of return did you earn on this vehicle?

Note: Explain all steps comprehensively.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Find out the annual rate of return
Reference No:- TGS0891094

Expected delivery within 24 Hours